Layne Christensen Names New Chief Financial Officer

May 6, 2013

James Easter will succeed Jerry Fanska, effective May 6

Layne Christensen Co. James R. Easter chief financial officer Jerry Fanska

Layne Christensen Co. named James R. Easter its chief financial officer, effective May 6, 2013.

Easter brings a wealth of financial, management and industry experience to Layne. He most recently served as CFO of SEH Offshore Ventures, the focus of which was to acquire and operate an international fleet of standard-class jack-up drilling units. In 2010, he accepted the position of CFO at Seahawk Drilling, a shallow-water contract oil and gas drilling company. The following year, Easter was appointed president and CEO of Seahawk, where he successfully managed the sale of the company to Hercules Offshore. From 2002 to 2008, Easter was vice president of finance and treasurer, and then vice president of corporate development and strategic planning at McDermott Intl., a Fortune 500 company focused on executing complex offshore oil and gas projects worldwide. Prior to this, he was vice president, transaction development and support, at Reliant Energy Solutions Inc., part of Reliant Energy.

He received his BA from the University of Texas, Austin, and an MBA from Thunderbird, the American Graduate School of International Management.

"Jim's expertise in finance, M&A, energy services and managing global companies makes him an ideal fit for Layne," said Rene Robichaud, president and CEO of Layne. "We expect Jim's vision and counsel will be a vital component of our continuing evolution into a global provider of responsible solutions for water, mineral and energy resources."

Easter succeeds Jerry Fanska, who announced his retirement in December 2012. Fanska will remain with Layne in order to assist in the transition of responsibilities and Layne's relocation to Houston.

Source:

Layne Christensen Co.

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